Our new investment fund aims to support the growth and impact of voluntary, community, and social enterprises (VCSEs) with accessible loans. We will work alongside you to tailor loans to your organisation’s needs, enabling you to bring your ideas to fruition.
Our investment loans typically range from £30,000 – £150,000 and could be used for a wide variety of purpose, including but not limited to:
• Working capital• Buying equipment or premises• Contract fulfilment• Business development and new products or services• Hiring new talent
You can apply for a Devon Social Investment Loan, if you are a social enterprise or charity based in Devon, including Exeter, Plymouth and Torbay.
A Social Enterprise is a ‘business with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners’.
You will need to:
• Show your social impact • Demonstrate your ability to repay finance• Have a track record of trading or have a robust business idea you want to take forward• Be a well-managed organisation with good governance
Completion of this form will give the Social Investment team initial information to review your needs, but does not guarantee an offer of investment at this stage. If the expression is successfully endorsed, you will be invited to complete a full application with our one-to-one support and guidance, which may then result in an investment loan opportunity. If you are considering loan investment and think you fit the eligibility criteria above, please complete this Expression of Interest form.
If you have any questions please contact us, we’d love to help:Email: Socialinvestment@devoncf.comPhone: 01884 235887